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20121201
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Search Results 0 to 14 of about 15 (some duplicates have been removed)
of the attention is on china. the north's most influential ally. today on china report, we look at the response from leaders in bejing and what motivates their longstanding relationship with an isolated regime. >> reporter: chinese media were quick to respond to the rocket launch. tv networks ran a news clip using reports by foreign news agencies. but it took a full six hours for the chinese government to issue a formal comment. it was made during the regular press conference of the foreign ministry. >> translator: it's regrettable that north korea went ahead with the launch, despite the international's community close attention. as a member of the united nations, the north has the obligation to respect security council resolutions. >> reporter: china is north korea's neighbor and the most important of its fuel lines, also an economic superpower, since fighting the korean war together, the two countries have maintained close relations. in september, north korea held a briefing in beijing, calling for massive investment in a special economic zone. shape, and the only way it will improve is thro
is on china. the north's most influential ally. today on china report, we look at the response from leaders in bejing and what motivates their longstanding relationship with an isolated regime. >> reporter: chinese media were quick to respond to the rocket launch. tv networks ran a news clip using reports by foreign news agencies. but it took a full six hours for the chinese government to issue a formal comment.ititititititit press conference of the foreign ministry. >> translator: it's regrettable that north korea went ahead with the launch, despite the international's community close attention. as a member of the united nations, the north has the obligation to respect security council resolutions. >> reporter: china is north korea's neighbor and the most important of its fuel lines, also an economic superpower, since fighting the korean war together, the two countries have maintained close relations. in september, north korea held a briefing in beijing, calling for massive investment in a special economic zone. the north's economy is in dire shape, and the only way it will improve is thr
beijing on china's response. >> reporter: chinese foreign minister spokesperson condemned the launch in a routine news conference. >> translator: it's regrettable that north korea went ahead with the launch despite the international community's close attention. as a member of the united nations, the north has the obligation to respect security council resolutions. >> reporter: but the chinese official expressed a kosher stance toward additional sanctions against the north. china urged north korea to exercise self-restraint. its officials had expressed hope the north would behave cautiously from the broad per suspect i of peace and stability on the korean peninsula. that the leadership in pyongyang did not heed that call and went ahead with the launch anyway. it demonstrates that china's influence on the north is limited. it should be noted here that china has been calling for more action from other countries. its contention is that the rest of the world should act to prevent tension on the peninsula from escalating further. china is apparently concerned that strong international crit
resolutions because it involved ballistic missile technology. china opposes a legally binding resolution. the permanent member of the security council argues such a move could prompt north korea to carry out another nuclear test. japan is working with the united states and south korea to impose additional sanctions, but tokyo's ambassador says the three countries are too distant from china's position to permit dialog. >>> the u.n. general assembly has adopted a resolution about north korea's human rights violations. the document expresses serious concern about what it describes as systemic and or systematic and widespread human rights violations. they include torture and public executions. the text also urges the north korean government to resolve the abduction of japanese citizens and other foreign nationals. a north korean diplomat has dismissed the document as political fabrication. >>> it's certainly not up to the minute, but state-run media has been much faster in reporting the results of south korea's presidential election than they've been in the past. the brief reports thursday,
. china state picc group raising more than $3 billion. it's the territory's biggest ipo in into years. still to come, didn't have to price it toward the bottom of the indicative range, maybe a sign that the appetite from the listings remains week. and managing liquidities also a priority. this week the pboc switched back to pumping money into the banking system after withdrawing more than $40 billion over the last month. reports suggest possible $1.8 billion is a moderate amount compared to what the pboc is used to putting in. andrew, very strong session yesterday for shanghai. flat today. after a period of underperformance, will it turn around or not going into 2013? >> well, i think in the recent couple of weeks actually, we're seeing quite positive economic data coming out of china. pmi is improving. and consumer sentiment is the highest. and for the past five months. but this have not translated into a more robust market. this is because for the past two quarters, there is all bad news. so there was kind of negative feedback loops that caused the market to be oversold. and then it
.s. has slapped duties on wind turbine towers on china on price its says were unfairly cheap. this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues of con
isolated. its main ally, china, is unlikely to let you in impose tough new sanctions, so it will probably continue to develop rockets and bombs. -- china is unlikely to let the un impose tough new sanctions, so it will probably continue to develop rockets and bombs. >> i spoke to victor, the fellow for strategical international studies. victor, we have become used to these north korean launches not working. how worried are you by the successful one? >> i think it was definitely a surprise. i think the general view was that they tried so many times and failed, with the last one being the most spectacular failure. this was a successful launch in which they demonstrated the ability to lift a payload into orbit, which suggests they have long-range ballistic missile technology, and that is a big step they have made. >> does it give north korea more clout when it comes to possible negotiations? >> i think that is one motivation for doing this, but it puts them a stronger position where they can go to those new governments in korea and japan and say they are stronger, but the main reason is stra
for the group. he was promoted second-in-command earlier this year. >>> back to the economy now, china apparently going on an american spending spree. a chinese company agreed to buy a big chunk of insurance giant aig for more than $4 billion after the company got a huge bailout during the u.s. financial crisis. that is not the only bargain that china is picking up from u.s. taxpayers lately. stuart varney on this morning, head of "varney & company" on fox business network. good morning, stuart. good to see you. >> good morning, martha. martha: they're gobbling up our assets in many ways . what do you make of it. >> they are spending the money they have got buying american assets cheap. you mentioned aig. a chinese company is paying $4 billion for aig's plane leasing business. aig remember got $189 billion as a bailout fund that was back in september of 2008. the taxpayers still are the largest shareholder in aig. we sold the plane leasing business to china cheap. second item, a 123 batteries, americans taxpayers gave that company $249 million in grants and another 250 million in tax s
. >> reporter: the problem is there are very few options in terms of appropriate action. as you know china sits on the u.n. security council and has blocked efforts in the past to sanction the north korean regime. they are its only ally but a very powerful ally. it is not clear at this time whether china is willing to go along with any u.n. security council recommendations for further punishment of north korea. they are in violation of two significant resolutions but it is unclear what real authority the international community has in terms of punishing north korea further. jenna: interesting tie some of our top stories together. china continues to be a problem in syria. that is our top story of the day. jennifer, we'll continue to watch developments there. jon: watching the crisis in syria, a nation that continues to unravel. there are reports that more than a dozen died in a car bombing, many of them women and children. the state news agency say a car packed with explosives blew up near a school in a neighborhood outside the capital of damascus. we're learning forces loyal to president bashar
china, southeast asia or from as far as the u.s., norway, etcetera in buying korean won bonds and most likely these are from the sector due to their diversification needs and attracted by the korean bond markets. and if you look at the yields, although it has already come lower quite a lot, but if you compared that with treasury yields, that is very attractive. >> we'll leave it there. thank you very much. >>> now if you're just joining us here on "worldwide exchange," these are your headlines. a union at last. the eu finance ministers hand the ecb the power to supervisor more than 150 banks following another late nightmare thon session in brussels. the euro bounces on the news, but stocks in europe trade lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. goes over the fiscal cliff. >>> and the u.s. takes another surprising step tying interest rates to the u.s. unemployment rate. >>> plus, investors chairing danone plan to save $2 million over the next two years as they try to offset a slump in southern europe. >>> straight ahead on the progr
. and so what i'm hoping is that in 2013, the central banks of the united states, europe, and china will find a solution to at stop the growth of that disparity. because i believe it's not right there is such a big gap between these derivatives and the actual products. >> so would a resolution of the fiscal cliff in the united states mean that america stops running up debt, would that be a positive step towards resolving that problem, even though it could be a drag on growth in the u.s. economy? >> translator: do not regard myself as a highly educated economist. from where i am, i watch the debate and i see, for example, some economists such as the nobel laureate paul goodman believe this could be counterproductive because too many action of this type could damage one of the important factors of the u.s. economy. on the other hand, unless there is some limit to the growth of u.s. debt, particularly with respect to debt as related to gdp, this could serve in the end badly if there was no limit to it. after all, the u.s. economy still accounts for about one-third of the global economy
expensive to do business in countries like china. our workers have become even more productive. our energy costs are starting to go down here in the united states. and we still have the largest market. so when you factor in everything, it makes sense to invest here, in america. and that's one of the reasons why american manufacturing is growing at the fastest pace since the 1990s. and thanks in part to that boost in manufacturing, four years after the worst economic crisis of our lifetimes, our economy is growing again. our businesses have created more than 5.5 million new jobs over the past 33 months. so we're making progress. [applause] we're moving in the right direction. we're going forward. so what we need to do is simple. we need to keep going. we need to keep going forward. we should do everything we can to keep creating good middle- class jobs that help folks rebuild security for their families. [applause] and we should do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't do -- i just got to say this -- wh
of uninhabited lands between japan and china. japan sent eight fighter jets after a chinese plane was seen near the islands. it was gone by the time they got there. china continues to claim the islands. the islands have been in japanese control for years. japan bought the privately owned islands in september. >>> some are calling it a break-through, north korea making its first successful long range rocket launch but less than 24 hours after liftoff a u.s. official tells cnn the country may not be in full control of the satellite. joining me is cnn contributor and retired u.s. army general spider marks. good morning. >> good morning. >> what does this mean? is this a setback for north korea? >> it's not a setback at all for north korea. north korea successfully launched something into an extra atmospheric orbit, albeit it's not control. they were able to build a three-stage missile and get an object into space. >> here is how leon pa net ta spoke about it. he spoke to erin burnett in afghanistan. >> this is a clear provocation. we've warned them not to do it. we've been very concerned about the
Search Results 0 to 14 of about 15 (some duplicates have been removed)

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